On April 18, 2023, at 10 a.m. UTC, Bybit will begin selling SUI, the native token of the Sui Network, on its ByStarter platform, according to the exchange’s official release.
Bybit Announces Highly Expected SUI Token Pre-Sale to Open on April 18
SUI tokens will be made available to a select group of community members through an accreditation sale in appreciation of the original contributions made by the Sui community to their ecosystem and their unwavering support. During this recognition sale, whitelisted participants will have the option of buying these tokens.
What is ByStarter?
ByStarter is a cutting-edge token sale platform that is changing the way people invest in cryptocurrencies. The platform gives consumers a chance to invest in early-stage ideas before they are traded centrally, with a strict selection procedure to ensure that only the most innovative projects are listed.
What is Sui Network?
Sui Network is the first permissionless layer 1 blockchain created from the ground up to let designers and programmers build experiences for the upcoming billions of Web3 consumers. The MOVE Programming Language and the Narwhal-Tusk Consensus Algorithm, two major innovations, are the foundation of the network’s tremendous scalability.
Since it is used to pay gas for all transactions on the Sui blockchain, the token is expected. Additionally, SUI staked by Validators is used to take part in the transaction consensus process. The token allocation of the platform is as shown in the image below:
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